Allkem Limited Reports a 27% Boost in Olaroz Lithium Resource to 20.7 Million Tonnes LCE
Allkem Limited, a prominent player in the lithium production industry, recently announced a significant increase of 27% in its Olaroz lithium resource, tantamount to 20. 7 million tonnes of Lithium Carbonate Equivalent (LCE).
This boost in resource includes 7. 6 Mt of measured resources, 7. 1 Mt of indicated resources, and 6 Mt of inferred resources. Allkem maintains a strong portfolio of lithium production sites, with its flagship Olaroz Lithium Facility in Northern Argentina. The lithium resource expansion at Olaroz cements its position as one of the world's largest lithium evaporation pond systems.
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This remarkable boost highlights Allkem's relentless efforts to accelerate lithium production to meet the growing global demand for lithium-powered applications, especially in the electric vehicle (EV) industry. The lithium industry has gained enormous attention, primarily driven by surging demand for EVs, which rely heavily on lithium-ion batteries.
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